This duplex presents a compelling value-add opportunity in one of the city’s fastest-evolving neighborhoods, featuring two units with strong upside potential. One unit is currently rented on a month-to-month basis at well below market rent, providing immediate opportunity for rental increases or repositioning, while the second unit is vacant and requires TLC, with some renovation already underway, allowing an investor to complete improvements and lease at market rates. Adding to the appeal, the roof is set to be replaced, reducing near-term capital expenditure and enhancing the property’s long-term stability. Situated in a rapidly changing area with increasing demand and redevelopment, this asset offers multiple strategies for value creation, including renovation, rent growth, and long-term appreciation.
Property Details
Price:
$500,000
MLS #:
A11987102
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
BUENA VISTA GARDENS
Neighborhood:
buenavistagardens
Listed Date:
Mar 21, 2026
Finished Sq Ft:
1,392
Total Sq Ft:
1,632
Year Built:
1957
See this Listing
Schools
Interior
Cooling
Wall/Window Unit(s)
Flooring
Wood
Heating
Window/Wall
Exterior
Architectural Style
Attached
Construction Materials
CBS Construction
Lot Features
Less Than 1/4 Acre Lot
Parking Spots
1
Parking Total
1
Roof
Shingle
Stories
1
Financial
Tax Year
2025
Taxes
$8,471
Map
Community
- Address5620 NW 3rd Ave Miami FL
- SubdivisionBUENA VISTA GARDENS
- CityMiami
- CountyMiami-Dade County
- Zip Code33127
Market Summary
Current real estate data for Multi Family in Miami as of Apr 13, 2026
496
Multi Family Listed
147
Avg DOM
476
Avg $ / SqFt
$1,136,436
Avg List Price
Property Summary
- Located in the BUENA VISTA GARDENS subdivision, 5620 NW 3rd Ave Miami FL is a Multi Family for sale in Miami, FL, 33127. It is listed for $500,000
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